Debentures and common stock sold to BRL Consulting and Gladys Jenks
By Devika Patel
Knoxville, Tenn., Oct. 17 - Western Standard Energy Corp. sold a $250,000 convertible debenture to BRL Consulting Inc. and Gladys Jenks on Oct. 15, according to an 8-K filed Wednesday with the Securities and Exchange Commission. The company also raised $3,125 in a private placement of stock with the same investors on the same date.
The 0% debenture is due April 1, 2013 and may be converted into common shares.
In the placement of shares, BRL Consulting Inc. and Gladys Jenks bought 2.5 million common shares.
Western Standard is a London-based oil and gas company.
| Issuer: | Western Standard Energy Corp.
|
| Issue: | Convertible debentures, common stock
|
| Amount: | $253,125
|
| Warrants: | No
|
| Investors: | BRL Consulting Inc. and Gladys Jenks
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| Settlement date: | Oct. 15
|
| Stock symbol: | OTCBB: WSEG
|
| Stock price: | $0.75 at close Oct. 12
|
|
|
| Debenture
|
| Amount: | $250,000
|
| Maturity: | April 1, 2013
|
| Coupon: | 0%
|
|
|
| Shares
|
| Amount: | $3,125
|
| Shares: | 2.5 million
|
| Price: | $0.00125
|
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